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FinancialNews


  • 11-11-20

    Iranian Ministry of Transport to develop railway sector

    (MENAFN) The advancement of the transport sector is among the Iranian government's macro policies, as the general policies of the Sixth Five-Year National Development Plan (2016-2021) have highlighted.

    Compared to some other transportation systems, benefits including lower fuel consumption and lower pollution and high safety give priority to the railway and make its development economically feasible.

    The redevelopment of current infrastructure also emerges under the spotlight when it comes to railway development, as presently, according to the Islamic Republic of Iran Railways (known as RAI), the mean age of the country's passenger cars and freight wagons is 24 years and there are also rail tracks built over 50 years ago.

    In this respect, RAI has introduced new initiatives to replace old carriages and locomotives with new designs to decrease the age of the fleet in the state.

    MENAFN11112020000045011136ID1101109263

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